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Test the investor - who can make the most $$$$

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  • Test the investor - who can make the most $$$$

    Hi everybody!!

    We have seen a property available that has sparked our interest and would like some ideas from fellow forumites about how they would possibly approach this opportunity.

    The advert reads:

    AUSTRALIAN INVESTORS WANT OUT!
    Development land with challenge. 1.4ha (3.46 acres) bare land more or less. Subdivision plans available for potential to sub-divide (17 sections) or larger block units. The legwork has been done. Excellent proposition for a developer with earthmoving contracts. $395,000. The land is flat although quite overgrown looking.

    The sections would be worth about $90-100k with title.

    Idea #1
    Long term settlement, 12 months.
    Get the section tidied up so it is mowable plus would add value.
    Possibly principal reductions weekly/monthly until settlement.
    Find developer to double settle, take option on a few of the sections at a discount, onsell and profit!

    Bring on the ideas!!!!

  • #2
    Nice idea McJet.

    Is this meant to be in the forum funnies section.

    If not you could
    1*copy/paste info then start a new thread .
    2*Come back to this one and
    3*go edit,
    4* advanced ,
    5*delete.

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